everything but the ending
Kevin Smith once said that "you kill the main character at the end when you don't know how to end your story" and that's what he did at the end of the first cut of Clerks. It was a mistake. I think the same thing goes here. Jerry's Hanging ruins and taints everything that came before it. I think that's the easy way out, and any other option would have been funnier... even if the rope broke and then continued to break say every 6 months... that'd be genius.